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Is Obama care based on adjusted gross income?

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in Insurance by (82.5k points)
Is Obama care based on adjusted gross income?

My query is from medical insurance n y topic

I had been asked this question in semester exam.

Other related questions to my question are:

Is ObamaCare based on adjusted gross income?

Does ObamaCare use AGI or magi?

How are ObamaCare subsidies calculated?

Is ObamaCare based on last years income?

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Correct answer for this question is: Under the Affordable Care Act, eligibility for Medicaid, premium subsidies, and cost-sharing reductions is based on modified adjusted gross income (MAGI). But the calculation for that is specific to the ACA – it's not the same as the MAGI that's used for other tax purposes.

The title of my answer can be What is modified adjusted gross income (MAGI)?

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